James River Group Holdings Inc Financials

JRVR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows James River Group Holdings Inc (JRVR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

1/9

James River Group Holdings Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

3.05x

For every $1 of reported earnings, James River Group Holdings Inc generates $3.05 in operating cash flow (-$247.1M OCF vs -$81.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$707.6M

YoY-12.9%

5Y CAGR-4.8%

10Y CAGR+4.9%

James River Group Holdings Inc generated $707.6M in revenue in fiscal year 2024. This represents a decrease of 12.9% from the prior year.

EBITDA

N/A

Free Cash Flow

-$252.0M

YoY-409.1%

James River Group Holdings Inc generated -$252.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 409.1% from the prior year.

Net Income

-$81.1M

YoY+24.7%

James River Group Holdings Inc reported -$81.1M in net income in fiscal year 2024. This represents an increase of 24.7% from the prior year.

EPS (Diluted)

$-3.06

YoY+2.2%

James River Group Holdings Inc earned $-3.06 per diluted share (EPS) in fiscal year 2024. This represents an increase of 2.2% from the prior year.

Cash & Debt

$362.3M

YoY+32.1%

5Y CAGR+11.9%

10Y CAGR+17.3%

James River Group Holdings Inc held $362.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.16

YoY-20.0%

5Y CAGR-33.2%

10Y CAGR-23.9%

James River Group Holdings Inc paid $0.16 per share in dividends in fiscal year 2024. This represents a decrease of 20.0% from the prior year.

Shares Outstanding

46M

YoY+21.3%

5Y CAGR+8.5%

10Y CAGR+4.8%

James River Group Holdings Inc had 46M shares outstanding in fiscal year 2024. This represents an increase of 21.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-11.5%

YoY+1.8pp

5Y CAGR-15.7pp

10Y CAGR-21.6pp

James River Group Holdings Inc's net profit margin was -11.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$4.9M

YoY-24.0%

5Y CAGR+56.6%

James River Group Holdings Inc invested $4.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 24.0% from the prior year.

JRVR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$707.6M-12.9%	$812.0M+22.8%	$661.5M+8.6%	$609.0M-8.9%	$668.7M-26.3%	$907.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$24.7M+0.2%	$24.6M+77.5%	$13.9M+55.5%	$8.9M-11.1%	$10.0M-5.3%	$10.6M
Income Tax	-$7.6M-129.7%	$25.7M+39.6%	$18.4M+179.3%	-$23.2M-426.7%	$7.1M-47.4%	$13.5M
Net Income	-$81.1M+24.7%	-$107.7M-447.7%	$31.0M+117.9%	-$172.8M-3682.1%	$4.8M-87.4%	$38.3M
EPS (Diluted)	$-3.06+2.2%	$-3.13-630.5%	$0.59+111.9%	$-4.94-3187.5%	$0.16-87.2%	$1.25

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$172.7M-1.2%	$174.8M+1.5%	$172.3M+36.0%	$126.7M-32.7%	$188.3M-6.4%	$201.1M-7.8%	$218.1M+3.7%	$210.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$6.2M+7.2%	$5.8M+4.8%	$5.5M-2.9%	$5.7M-10.0%	$6.3M-2.2%	$6.5M-1.2%	$6.6M+1.2%	$6.5M
Income Tax	$1.1M-52.0%	$2.2M-56.0%	$5.0M+156.5%	-$8.9M-255.5%	$5.7M-39.6%	$9.5M-4.0%	$9.8M+40.4%	$7.0M
Net Income	$1.0M-78.5%	$4.8M-50.3%	$9.6M+114.8%	-$64.8M-949.4%	$7.6M-50.5%	$15.4M+110.3%	-$150.2M-868.0%	$19.6M
EPS (Diluted)	$-0.02-133.3%	$0.06-62.5%	$0.16+106.6%	$-2.44-1976.9%	$0.13-62.9%	$0.35+110.2%	$-3.43-862.2%	$0.45

JRVR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$5.0B-5.8%	$5.3B+3.5%	$5.1B+3.8%	$4.9B-2.3%	$5.1B+0.8%	$5.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$362.3M+32.1%	$274.3M+72.3%	$159.2M-16.3%	$190.1M+17.2%	$162.3M-21.6%	$206.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$181.8M0.0%	$181.8M0.0%	$181.8M0.0%	$181.8M0.0%	$181.8M0.0%	$181.8M
Total Liabilities	$4.4B-4.8%	$4.6B+4.5%	$4.4B+5.1%	$4.2B-1.0%	$4.3B+0.5%	$4.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$460.9M-13.8%	$534.6M-3.5%	$553.8M-23.7%	$725.4M-8.8%	$795.6M+2.2%	$778.6M
Retained Earnings	-$402.4M-44.8%	-$277.9M-82.8%	-$152.1M+8.8%	-$166.7M-438.6%	$49.2M-45.1%	$89.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$5.0B-1.4%	$5.0B+1.4%	$4.9B-1.2%	$5.0B+5.7%	$4.7B-9.8%	$5.3B-1.2%	$5.3B+2.4%	$5.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$238.8M+8.5%	$220.0M-21.3%	$279.4M-22.9%	$362.3M-46.1%	$672.5M+120.1%	$305.5M+11.4%	$274.3M+17.8%	$232.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$181.8M0.0%	$181.8M0.0%	$181.8M0.0%	$181.8M0.0%	$181.8M0.0%	$181.8M0.0%	$181.8M0.0%	$181.8M
Total Liabilities	$4.3B-1.8%	$4.4B+1.4%	$4.3B-1.8%	$4.4B+8.9%	$4.1B-11.3%	$4.6B-1.5%	$4.6B+3.4%	$4.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$503.6M+2.2%	$492.6M+1.7%	$484.5M+5.1%	$460.9M-14.9%	$541.8M+0.4%	$539.5M+0.9%	$534.6M-5.0%	$562.5M
Retained Earnings	-$394.4M-0.4%	-$393.0M+0.6%	-$395.3M+1.8%	-$402.4M-52.4%	-$264.0M+1.2%	-$267.1M+3.9%	-$277.9M-125.5%	-$123.2M

JRVR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$247.1M-380.9%	$88.0M-60.5%	$222.7M+124.4%	-$913.5M-233.6%	-$273.8M-118.4%	$1.5B
Capital Expenditures	$4.9M-24.0%	$6.4M-21.7%	$8.2M+30.4%	$6.3M+1048.1%	$549K+5.8%	$519K
Free Cash Flow	-$252.0M-409.1%	$81.5M-62.0%	$214.5M+123.3%	-$919.8M-235.2%	-$274.4M-118.4%	$1.5B
Investing Cash Flow	$307.0M+1735.0%	$16.7M+105.1%	-$328.2M-1016.0%	$35.8M+120.4%	-$176.0M+33.2%	-$263.4M
Financing Cash Flow	-$28.8M-36.6%	-$21.1M-123.5%	$89.7M-39.3%	$147.7M+124.0%	$65.9M+728.6%	$8.0M
Dividends Paid	$6.2M-19.6%	$7.7M-0.7%	$7.8M-82.0%	$43.2M+16.7%	$37.1M+0.9%	$36.7M
Share Buybacks	N/A	N/A	$1.3M-57.6%	$3.1M-14.6%	$3.6M+24.3%	$2.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$34.3M+36.4%	$25.2M+148.9%	-$51.5M-789.4%	$7.5M+186.0%	-$8.7M-136.1%	$24.1M+345.8%	-$9.8M-117.8%	$55.1M
Capital Expenditures	$663K+44.4%	$459K-62.3%	$1.2M-55.4%	$2.7M+369.6%	$582K-21.9%	$745K-76.2%	$3.1M+175.7%	$1.1M
Free Cash Flow	$33.7M+36.3%	$24.7M+146.9%	-$52.7M-1213.4%	$4.7M+151.1%	-$9.3M-139.7%	$23.3M+280.5%	-$12.9M-123.9%	$54.0M
Investing Cash Flow	-$12.7M+84.2%	-$80.7M-52.1%	-$53.0M-269.8%	-$14.3M-104.6%	$309.1M+550.9%	$47.5M+36.7%	$34.7M+177.1%	-$45.1M
Financing Cash Flow	-$2.6M+27.6%	-$3.6M-116.3%	$21.9M+123.6%	$9.8M+137.6%	-$26.0M-377.1%	-$5.5M-14.1%	-$4.8M-59.2%	-$3.0M
Dividends Paid	$467K+1.3%	$461K-23.2%	$600K+37.3%	$437K-76.9%	$1.9M-5.6%	$2.0M+3.7%	$1.9M+3.0%	$1.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

JRVR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-11.5%+1.8pp	-13.3%-17.9pp	4.7%+33.1pp	-28.4%-29.1pp	0.7%-3.5pp	4.2%
Return on Equity	N/A	N/A	5.6%	N/A	0.6%-4.3pp	4.9%
Return on Assets	-1.6%+0.4pp	-2.0%-2.6pp	0.6%+4.1pp	-3.5%-3.6pp	0.1%-0.7pp	0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.57+0.9	8.67+0.7	8.02+2.2	5.82+0.5	5.36-0.1	5.45
FCF Margin	-35.6%-45.6pp	10.0%-22.4pp	32.4%+183.5pp	-151.0%-110.0pp	-41.0%-205.1pp	164.1%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.6%-2.1pp	2.7%-2.8pp	5.6%+56.7pp	-51.1%-55.2pp	4.0%-3.6pp	7.7%+76.5pp	-68.8%-78.1pp	9.3%
Return on Equity	0.2%-0.8pp	1.0%-1.0pp	2.0%	N/A	1.4%-1.4pp	2.9%	N/A	3.5%
Return on Assets	0.0%-0.1pp	0.1%-0.1pp	0.2%+1.5pp	-1.3%-1.5pp	0.2%-0.1pp	0.3%+3.1pp	-2.8%-3.2pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.56-0.4	8.92-0.0	8.94-0.6	9.57+2.1	7.48-1.0	8.46-0.2	8.67+0.7	7.97
FCF Margin	19.5%+5.3pp	14.1%+44.7pp	-30.6%-34.3pp	3.7%+8.6pp	-4.9%-16.5pp	11.6%+17.5pp	-5.9%-31.6pp	25.7%

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Frequently Asked Questions

What is James River Group Holdings Inc's annual revenue?

James River Group Holdings Inc (JRVR) reported $707.6M in total revenue for fiscal year 2024. This represents a -12.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is James River Group Holdings Inc's revenue growing?

James River Group Holdings Inc (JRVR) revenue declined by 12.9% year-over-year, from $812.0M to $707.6M in fiscal year 2024.

Is James River Group Holdings Inc profitable?

No, James River Group Holdings Inc (JRVR) reported a net income of -$81.1M in fiscal year 2024, with a net profit margin of -11.5%.

What is James River Group Holdings Inc's earnings per share (EPS)?

James River Group Holdings Inc (JRVR) reported diluted earnings per share of $-3.06 for fiscal year 2024. This represents a 2.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is James River Group Holdings Inc's net profit margin?

James River Group Holdings Inc (JRVR) had a net profit margin of -11.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does James River Group Holdings Inc pay dividends?

Yes, James River Group Holdings Inc (JRVR) paid $0.16 per share in dividends during fiscal year 2024.

What is James River Group Holdings Inc's free cash flow?

James River Group Holdings Inc (JRVR) generated -$252.0M in free cash flow during fiscal year 2024. This represents a -409.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is James River Group Holdings Inc's operating cash flow?

James River Group Holdings Inc (JRVR) generated -$247.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are James River Group Holdings Inc's total assets?

James River Group Holdings Inc (JRVR) had $5.0B in total assets as of fiscal year 2024, including both current and long-term assets.

What are James River Group Holdings Inc's capital expenditures?

James River Group Holdings Inc (JRVR) invested $4.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does James River Group Holdings Inc have outstanding?

James River Group Holdings Inc (JRVR) had 46M shares outstanding as of fiscal year 2024.

What is James River Group Holdings Inc's debt-to-equity ratio?

James River Group Holdings Inc (JRVR) had a debt-to-equity ratio of 9.57 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is James River Group Holdings Inc's return on assets (ROA)?

James River Group Holdings Inc (JRVR) had a return on assets of -1.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is James River Group Holdings Inc's cash runway?

Based on fiscal year 2024 data, James River Group Holdings Inc (JRVR) had $362.3M in cash against an annual operating cash burn of $247.1M. This gives an estimated cash runway of approximately 18 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is James River Group Holdings Inc's Piotroski F-Score?

James River Group Holdings Inc (JRVR) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are James River Group Holdings Inc's earnings high quality?

James River Group Holdings Inc (JRVR) has an earnings quality ratio of 3.05x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.